CITIC Securities Co Class H ( (CIIHF) ) has released its Q4 earnings. Here is a breakdown of the information CITIC Securities Co Class H presented to its investors.
CITIC Securities Co. Ltd is a leading Chinese financial services firm engaged in securities brokerage, investment banking, and asset management, operating primarily in the capital markets sector with a strong focus on both domestic and international markets.
In its latest annual earnings report for 2024, CITIC Securities announced a solid financial performance with a notable increase in both revenue and net profit. The company reported an operating revenue of RMB63.789 billion, marking a 6.20% year-on-year increase, and a net profit attributable to owners of the parent of RMB21.704 billion, which is a 10.06% increase from the previous year.
Key financial highlights include a significant growth in total assets, reaching RMB1.71 trillion, a 17.71% increase compared to the prior year. The company also emphasized its strategic focus on international expansion, with international business contributing 17.2% to revenue. Additionally, CITIC Securities has been actively involved in promoting high-quality development in the capital market, leveraging its expertise to support technological and industrial mergers and acquisitions.
Looking ahead, CITIC Securities is poised to continue its growth trajectory by enhancing its international business operations and maintaining its commitment to high-quality financial services. The company aims to strengthen its position as a preferred investment bank for both Chinese companies going overseas and international investors entering China, aligning with national strategies and economic development goals.